Tribune's Deal to Sell Cubs to Ricketts Family Advances

By

Matthew Futterman

Updated July 7, 2009 12:01 a.m. ET

Tribune Co.'s deal to sell the Chicago Cubs to the Ricketts family took another step forward as the two sides shared working drafts of their agreement with Major League Baseball over the holiday weekend.

The deal, tentatively valued at just under $900 million, has yet to be finalized. But officials involved with the negotiations said the parties now are confident enough about their progress to begin the next stage of the process,...